The precious metal is up slightly again today by 0.4% to $4,222 but it’s not signifying much when you look at the charts. Gold had been stuck in a bit of a flag/wedge in November before breaking free from that last Friday. But since then, the upside move hasn’t really took flight. The daily chart shows that the November…
Gold (XAU/USD) builds on the previous day’s late rebound from the $4,164-4,163 area and gains some follow-through positive traction during the Asian session on Wednesday. The commodity moves back closer to its highest level since October 21, touched on Monday, and continues to draw support from prospects for lower US interest rates. Traders now seem convinced that the US…
2025.12.02 2025.12.03 Weekly Economic Calendar for 08.12.2025–14.12.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ The month opened on a weak note for the US dollar. Most traders are now convinced the Fed will cut rates at its December 9–10 meeting. This expectation is one of the key factors driving precious metals to record highs, while the US dollar index has once again slipped below…
EUR/USD has formed lower highs and higher lows inside a symmetrical triangle pattern and is currently testing resistance. Can it go for a breakout next? Or will it head back down to test the triangle support again? EUR/USD 4-hour Forex Chart by TradingView Strengthening Fed rate cut expectations have been weighing on the U.S. dollar in the past few…
Prior was 53.1 Composite PMI 52.0 vs 52.0 prior New business growth accelerated for the first time in three months New export business fell for the fifth straight month Input price inflation accelerated to a six-month high Not much is happening with this PMI but the Japanese service sector remains a bright spot, extending its growth streak to eight…
Gold price (XAU/USD) tumbles to near $4,210 during the early Asian trading hours on Wednesday. The precious metal loses momentum as traders book profits ahead of the upcoming key US data releases. Traders brace for the release of the US ADP Employment Change and ISM Services PMI data later on Wednesday. The yellow metal has fallen around 0.65% on the…
Markets delivered a cautiously optimistic session on Tuesday, with U.S. equities eking out modest gains while Bitcoin staged a dramatic recovery from Monday’s rout. The dollar traded mixed in choppy action as traders parsed Bank of England policy signals and awaited Wednesday’s key U.S. employment data. Check out the forex news and economic updates you may have missed in…
Markets: S&P +0.25% Nasdaq +0.59%. Stocks rebound from yesterday’s decline 2 year yield 3.512%, -2.9 basis points. 10 year yield 4.090%, -0.6 basis points Crude oil down $0.70 at $58.62 Gold down -$20 or -0.47% at $4210.17 Silver up $0.53 or 0.93% at $58.51. It is a new record close Bitcoin +$5240 or 6.06% at $91,519 Yesterday the price…
The Dow Jones Industrial Average (DJIA) faced a messy session on Tuesday, exploring early upside and challenging the 47,600 level before getting knocked back down once again and ending the day on a cautious high note. New-old players in the AI space are cropping up to challenge the long-running Nvidia (NVDA) hegemony in the hardware space, prompting a back-and-forth…
2025.12.02 2025.12.02 Euro Steadies Near Two-Week Highs. Forecast as of 02.12.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Europe has reduced its carbon emissions by 30% compared to 2005 levels. However, the rapid transition has driven up electricity prices and slowed GDP growth and AI investment. Let’s discuss this topic and make a trading plan for the EUR/USD pair. The article covers the following…
